re: Anyone own a 2016 XLT Ford F150?

I have a '16 XLT. Keep your '14.

Or you can own your vehicle in 5 years, pay yourself that $500 car note over the next 2 years (plus the interest you didn't pay) and after your 84 months, have $15000 total towards your next vehicle. Sounds better to me.

And it's those years AFTER you have this truck note paid off that you'll really be saving money...

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stretch your term anyway.

let's make it simple:

if you go 60 months and your note is 500.00, you will definitely save on interest.

HOWEVER, if you go 84 mos, and your note is 400.00 per month........and you put 100.00 bucks away every month.......you will have saved 8400.00 by the time your truck is paid. that 8400.00 belongs to you now and it adds to your NET WORTH.


those that pay their xlt's off in 60 mos, have saved a couple of thousand on interest but now OWN a vehicle that is depreciating every single day.

not you though buddy. you will own your vehicle in 7 years and can take that 8400.00 and tell all those frickers that wanted to pay off a depreciating vehicle faster to kiss your arse.

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WTF?

How would anyone be better off paying more in interest and having a note for two more years? Did you just not take into any consideration the fact that one can save the entirety of the note for two additional years as opposed to your suggestion?

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Either way, you pretty much knew you couldn't trust him when he said he's a salesman.

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Don't do that. Not all sales people are dumb. Although he certainly is not helping the stereotype.

Not all are dumb, I even acknowledged that there are several here who help people every day. But by and large, they are untrustworthy.

Forget about helping the stereotyoe, he's driving it. I would love for this to be moved to the money board, they would love reading his advice.

Keep your 14 fx4...trust me. Why downgrade to a xlt. Lots of good advice has already been said. I have a 14 fx4 and got a good deal on it. Refinanced it 3 months later for a year less than dealership and saved on note and got rate down to 2.5%. Don't be dumb and trade it in to save money because your not at all..your going backwards. But hey not my my money

Most successful sales professionals are honest or they don't last long in their careers, and this includes car salesmen.

Nothing happens in this country until somebody sells something.

That is a fact.

How do you like it?
I don't see many differences between the fx4 other than the leather seats and a few other little things

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Or you can own your vehicle in 5 years, pay yourself that $500 car note over the next 2 years (plus the interest you didn't pay) and after your 84 months, have $15000 total towards your next vehicle. Sounds better to me

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I see Charlie couldn't refute this...good post.